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May 2024 Monthly

May 04, 2024
The resilience of the US economy and stickiness of price pressures spurred a reassessment of the trajectory of Fed policy. This sparked a sharp rise in US interest rates and extended the dollar’s advance. The somewhat disappointing April jobs report and a softer CPI report in the middle of May could signal that the interest rate adjustment is over…
May 2024 Monthly May 2024 Monthly Reviewed by Marc Chandler on May 04, 2024 Rating: 5
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Dollar is Softer Ahead of the Employment Report

May 03, 2024
Overview: The greenback is trading with a softer bias ahead of the US jobs report. Solid, even if not spectacular job growth, is expected. However, recent survey data warns of the downside risks. Moreover, counter-intuitively, the dollar has not often rallied this year into the employment data, but frequently has in response. The dollar is softer …
Dollar is Softer Ahead of the Employment Report Dollar is Softer Ahead of the Employment Report Reviewed by Marc Chandler on May 03, 2024 Rating: 5
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Japan Drives Home Message

May 02, 2024
Overview: The US dollar is mixed, but the spotlight is on the Japanese yen. It appears that with the market challenging Monday's intervention, Japanese officials entered the market shortly after the US equity market closed yesterday, as the Asia Pacific session got underway and sold dollars again. Initial estimates suggest the intervention amo…
Japan Drives Home Message Japan Drives Home Message Reviewed by Marc Chandler on May 02, 2024 Rating: 5
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May Day Fed Day

May 01, 2024
Overview: Much of Asia and Europe are off for the May Day labor holiday. The dollar is mostly softer in the thin activity. However, the dollar has edged higher against the yen and approached JPY158. The euro initially fell to $1.0650, a six-day low and where a billion euros in options expire later today. It has recovered to almost $1.0675. Emergin…
May Day Fed Day May Day Fed Day Reviewed by Marc Chandler on May 01, 2024 Rating: 5
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Yen Retreats, while Stronger EMU GDP Underscores Nascent Recovery and Lifts the Euro Yen Retreats, while Stronger EMU GDP Underscores Nascent Recovery and Lifts the Euro Reviewed by Marc Chandler on April 30, 2024 Rating: 5
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Yen Dumps before It Jumps

April 29, 2024
Overview:  The FOMC meeting, the US employment report, and eurozone CPI were to be the highlights of the week, but the Japanese yen stole the march to start the week. The dollar soared to almost JPY160.20 before falling sharply to JPY154.55 and then rebounding to almost JPY156.00. Intervention has not been confirmed and BOJ data will not cover it …
Yen Dumps before It Jumps Yen Dumps before It Jumps Reviewed by Marc Chandler on April 29, 2024 Rating: 5
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